AMM Pools
Last updated
Last updated
The AMM pool is a smart contract within an existing external exchange liquidity pool, enabling users to exchange gigaAssets for other assets. Each pool is specifically deployed for a gigaAsset and the corresponding asset to which the gigaAsset's price is pegged (e.g., gigaETH/ETH). AMM pools provide liquidity and help maintain the stability of gigaAssets, ensuring users have access to efficient trading.
The majority of the pool's liquidity is supplied through the Intelligent Peg Adapter (IPA) smart contract, which maintains a reserve of minted gigaAssets that can be deposited into the pool when an equivalent amount of the quote token is provided.
The deployment of AMM pools across different blockchain networks will be determined by the protocol's Governance. At the product launch, the first pool will be a Curve Pool for gigaETH, paired with ETH and/or one of its highly liquid representations (LRT or LST). As the protocol evolves and supports more synthetic assets, additional pools will be deployed.